Find the finance charges on an 8 percent 18-month, Financial Management

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Find the finance charges on an 8 percent 18-month

Find the finance charges on an 8 percent, 18-month, single-payment loan when interest is computed using the simple interest method. Find the finance charges on the same loan when interest is computed using the discount method. Determine the APR in each case.

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Financial Management: Find the finance charges on an 8 percent 18-month

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Financial Management: Find the finance charges on an 8 percent 18-month

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